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MU

Micron

$55.48

2.11 (3.95%)

, INTC

Intel

$54.32

0.82 (1.53%)

16:31
05/21/18
05/21
16:31
05/21/18
16:31

Micron, Intel announce production, shipment of 4bits/cell 3D NAND tech

Micron (MU) and Intel (INTC) announced production and shipment of the industry's first 4bits/cell 3D NAND technology. Leveraging a proven 64-layer structure, the new 4bits/cell NAND technology achieves 1 terabit density per die, the world's highest-density flash memory. Both NAND technology advancements-the 64-layer QLC and 96-layer TLC technologies -utilize CMOS under the array technology to reduce die sizes and deliver improved performance when compared to competitive approaches. By leveraging four planes vs the competitors' two planes, the new Intel and Micron NAND flash memory can write and read more cells in parallel, which delivers faster throughput and higher bandwidth at the system level. The new 64-layer 4bits/cell NAND technology enables denser storage in a smaller space, bringing significant cost savings for read-intensive cloud workloads. It is also well-suited for consumer and client computing applications, providing cost-optimized storage solutions.

MU

Micron

$55.48

2.11 (3.95%)

INTC

Intel

$54.32

0.82 (1.53%)

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    May

MU Micron
$55.48

2.11 (3.95%)

05/16/18
MZHO
05/16/18
NO CHANGE
Target $70
MZHO
Buy
Micron analyst day could be a catalyst, says Mizuho
Micron's (MU) analyst day could be a catalyst for shares as it may reinforce a positive second half of 2018 outlook with iPhone/holiday build season, Mizuho analyst Vijay Rakesh tells investors in a research note. Further, the analyst believes NAND and DRAM pricing will remain stable exiting the June quarter. With Micron and Western Digital (WDC) off 10% from recent highs, Rakesh sees attractive entry points and remains a buyer. He has a Buy rating on Micron with a $70 price target.
05/16/18
RBCM
05/16/18
INITIATION
Target $80
RBCM
Outperform
Micron initiated with an Outperform at RBC Capital
RBC Capital analyst Amit Daryanani initiated Micron with an Outperform rating and a price target of $80, saying the company is offering exposure to DRAM and NAND memory market at an attractive valuation. While the down-price cycle in memory may not be over, the analyst contends that it is more "muted" than estimated, stating that Micron can still generate earnings and free cash flows in the current environment. Daryanani is also positive on Micron's position in the long term given the more diversified DRAM user base market with much more emphasis on mobile, reduced competition, and the potential for capital allocation.
05/16/18
05/16/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ulta Beauty (ULTA) initiated with a Buy at UBS. 2. uniQure (QURE) initiated with an Outperform at Wells Fargo. 3. Micron (MU) initiated with an Outperform at RBC Capital. 4. Spotify (SPOT) initiated with a Market Perform at Wells Fargo. 5. Tocagen (TOCA) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/18
CLVD
05/18/18
NO CHANGE
CLVD
Cleveland Research says DRAM pricing looks 'less bullish' in near-term
Cleveland Research said PC/Server DRAM pricing looks like it has fallen below initial expectations in May as it has been only marginally higher compared to April. Checks suggest June pricing could be flattish month-over-month, said the firm, which added that talks around peak DRAM pricing now suggest calendar Q3 versus prior expectations of Q4. DRAM pricing could impact Micron (MU) and Western Digital (WDC).
INTC Intel
$54.32

0.82 (1.53%)

05/17/18
COWN
05/17/18
INITIATION
Target $55
COWN
Market Perform
Intel initiated with a Market Perform at Cowen
Cowen initiated Intel with a Market Perform and $55 price target.
05/18/18
COWN
05/18/18
INITIATION
Target $18
COWN
Outperform
Cowen starts AMD at Outperform, sees potential for taking share from Intel
As reported previously, Cowen analyst Matthew Ramsay initiated AMD (AMD) with an Outperform rating. The analyst believes the company's 7nm products will gain market share versus Intel's (INTC) 10nm silicon in 2019 /2020. Ramsay has a $18 price target on AMD shares.
05/18/18
COWN
05/18/18
INITIATION
Target $55
COWN
Market Perform
Cowen starts Intel at Market Perform, citing valuation and competition
As reported previously, Cowen analyst Matthew Ramsay initiated Intel with a Market Perform rating citing its current valuation, competition, and margin pressures as headwinds. Ramsay has a $55 price target on Intel shares.
05/18/18
05/18/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. MasterCard (MA) initiated with a Neutral at UBS. 2. AMD (AMD) initiated with an Outperform at Cowen while Intel (INTC) was initiated with a Market Perform. 3. Synthetic Biologics (SYN) initiated with a Buy at H.C. Wainwright. 4. Amneal Pharmaceuticals (AMRX) initiated with a Neutral at JPMorgan. 5. Apollo Commercial (ARI) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AERI

Aerie Pharmaceuticals

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Allergan

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CDTI

CDTi

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0.01 (3.08%)

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DUK

Duke Energy

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-0.81 (-1.00%)

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JNJ

Johnson & Johnson

$142.85

0.85 (0.60%)

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UAL

United Continental

$89.94

0.8 (0.90%)

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Periodicals
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XLE

Energy Select Sector SPDR

$75.11

0.5132 (0.69%)

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Utilities SPDR

$53.04

0.2049 (0.39%)

17:36
09/21/18
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17:36
General news
Week ending ETF Scorecard: Materials outperform, Utlilites slump »

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XLE

Energy Select Sector SPDR

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Utilities SPDR

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IYR

DJ US Real Estate Index Fund

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XLP

Consumer Staples Sector SPDR

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XLY

Consumer Discretionary Sector SPDR

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XLB

S&P Select Materials SPDR

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XLF

Financial Select Sector

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Health Care Select Sector SPDR

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Technology Select Sector SPDR

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XLI

Industrial Select Sector SPDR

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0.2338 (0.29%)

GLD

SPDR Gold Trust

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SLV

iShares Silver Trust

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USO

United States Oil Fund

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UNG

United States Natural Gas Fund

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HYG

iShares iBoxx $ High Yield Corporate Bond

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iShares iBoxx $ Investment Grade Corporate Bond

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iShares 20+ Year Treasury Bond Fund

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iShares 7-10 Year Treasury Bond ETF

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SHY

iShares 1-3 Year Treasury Bond

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IWD

iShares Russell 1000 Value

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IWF

iShares Russell 1000 Growth

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OHGI

One Horizon Group

$0.18

-0.0088 (-4.63%)

17:34
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CYTX

Cytori Therapeutics

$0.41

-0.033 (-7.38%)

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Breaking Syndicate news story on Cytori Therapeutics »

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NEM

Newmont Mining

$31.56

0.05 (0.16%)

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Breaking Syndicate news story on Newmont Mining »

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CB

Chubb

$139.87

-0.05 (-0.04%)

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VTVT

vTv Therapeutics

$0.80

0.0096 (1.21%)

17:21
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VYGR

Voyager Therapeutics

$18.21

-0.27 (-1.46%)

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GNRC

Generac

$57.99

-0.02 (-0.03%)

17:16
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Generac announces new $250M share repurchase program »

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GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

, IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

17:13
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Conference/Events
Independent Bank to host special shareholder meeting »

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GBNK

Guaranty Bancorp

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IBTX

Independent Bank

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HRS

Harris

$164.33

1.685 (1.04%)

17:13
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PMBC

Pacific Mercantile Bancorp

$9.25

-0.5 (-5.13%)

17:10
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WSC

WillScot

$17.10

-0.05 (-0.29%)

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Breaking Syndicate news story on WillScot »

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DTEA

DAVIDsTEA

$2.50

-0.9 (-26.47%)

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NYT

New York Times

$23.45

0.3 (1.30%)

, EXPE

Expedia

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Expedia president Bhutani joins New York Times board »

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NYT

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$23.45

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EXPE

Expedia

$133.73

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IBTX

Independent Bank

$67.60

-1.15 (-1.67%)

, GBNK

Guaranty Bancorp

$30.20

-0.5 (-1.63%)

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Guaranty Bancorp to host special shareholder meeting »

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Guaranty Bancorp

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

, ANDV

Andeavor

$154.80

2.19 (1.44%)

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Conference/Events
Andeavor to host special shareholder meeting »

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MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

ANDV

Andeavor

$154.80

2.19 (1.44%)

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ANDV

Andeavor

$154.80

2.19 (1.44%)

, MPC

Marathon Petroleum

$83.37

1.44 (1.76%)

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Marathon Petroleum to host special shareholder meeting »

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ANDV

Andeavor

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Marathon Petroleum

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EPRT

Essential Properties Realty Trust

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BBSI

Barrett Business

$63.67

0.04 (0.06%)

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SIGA

Siga Technologies

$7.25

0.5 (7.41%)

16:42
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